Key Developments: Pitney Bowes Inc (PBI)
15.12USD
24 May 2013
$0.06 (+0.40%)
$15.06
$15.00
$15.15
$14.92
2,712,607
4,121,108
$16.43
$10.34
Latest Key Developments (Source: Significant Developments)
Pitney Bowes Inc Agrees To Sell Its Uk And Republic Of Ireland Management Services Business To Swiss Post
Pitney Bowes Inc announced that Pitney Bowes Limited and Pitney Bowes Ireland Limited have entered into an agreement with Swiss Post Solutions (SPS) to sell the Pitney Bowes Management Services business in the United Kingdom and Republic of Ireland. This transaction excludes Pitney Bowes Marketing Lifecycle Services (MLS), which will remain a key part of the Pitney Bowes business. Terms of the deal were not disclosed. The transaction is expected to close in the next 90 days. As part of the transaction, the respective PBMS personnel will transfer to SPS to help ensure continuous service delivery and a seamless transition for clients. In addition, a number of PBMS facilities will transfer to SPS. Pitney Bowes remains committed to delivering a high level of service to its clients. Full Article
Pitney Bowes Inc Approves Second Quarter Dividend
Pitney Bowes Inc announced that the Board of Directors approved a second quarter dividend of $0.1875 per share for the Company`s common stock. Full Article
Pitney Bowes Inc Reaffirms FY 2013 Guidance
Pitney Bowes Inc announced that it still expects fiscal 2013 revenue, excluding the impacts of currency, to be in the range of flat to 3% growth when compared to fiscal 2012, and continues to expect adjusted earnings per diluted share (EPS) to be in the range of $1.85 to $2.00. The Company is updating its fiscal 2013 guidance for GAAP earnings per diluted share from continuing operations to reflect the first quarter charge of $0.08 per diluted share related to costs associated with the recent debt tender. The Company now expects GAAP earnings per diluted share from continuing operations to be in the range of $1.77 to $1.92. This guidance excludes any further actions that are planned or under consideration by the Company to streamline its operations and further reduce its cost structure. The Company reported revenue of $869.94 million in fiscal 2012. Full Article
Pitney Bowes Inc's Management Services Business Unit Selected By The Cooperative Purchasing Network To Provide Managed Print Services
Pitney Bowes Inc announced that Management Services business unit was awarded a new contract by The Cooperative Purchasing Network (TCPN) in Houston. Under the authority of the Texas Region 4 Education Service Center (ESC), the lead agency responsible for the bid, Pitney Bowes Management Services was awarded a contract for Managed Print Services (MPS). Under this contract, state and local government agencies in Texas and other states are able to purchase MPS solutions from Pitney Bowes using a significantly streamlined procurement process. Full Article
Pitney Bowes Inc Approves First Quarter 2013 Dividend
Pitney Bowes Inc announced the board of directors have approved a first quarter 2013 dividend of $0.375 per share for the Company's common stock. Full Article
Pitney Bowes Inc Issues FY 2013 Guidance; Revenue Guidance Above Analysts' Estimates
Pitney Bowes Inc announced that for fiscal 2013, it expects revenue, excluding the impacts of currency, to be in the range of flat to 3% growth when compared to 2012, GAAP earnings per diluted share (EPS) from continuing operations to be in the range of $1.85 to $2.00, which excludes any unusual items that may occur during the year. The Company reported revenue of $5.010 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.86 billion and EPS of $1.91 for fiscal 2013. Full Article
Pitney Bowes Inc Announces New Agreement With PageTech
Pitney Bowes Inc announced a new collaboration with PageTech, a PCL (Printer Control Language) print stream conversion software, for the Volly secure digital delivery service. With this integration, a wider range of document providers, including small businesses, credit unions and print service providers, will have access to a digital platform. The alliance will enable PageTech clients to efficiently deliver their customer communications - statements, monthly bills, notices - electronically to consumers through Volly in an easily-viewed PDF format. Full Article
Pitney Bowes Inc Appoints Marc B. Lautenbach as President and Chief Executive Officer; Michael I. Roth as Non-Executive Chairman
Pitney Bowes Inc announced that the Pitney Bowes Board of Directors has appointed Marc B. Lautenbach as President and Chief Executive Officer, effective immediately. Mr. Lautenbach succeeds Murray D. Martin, who is retiring as the Company`s Chairman, President and Chief Executive Officer and has resigned from the Company`s board of directors. Mr. Martin will continue to work with Mr. Lautenbach on an effective transition. The Company's Board also announced that Michael I. Roth, currently Lead Independent Director, has been appointed Non-Executive Chairman of the Board, effective immediately. Mr. Lautenbach has also been appointed to the Company`s Board, effective immediately. Full Article
Pitney Bowes Inc Reaffirms FY 2012 Guidance
Pitney Bowes Inc announced that for fiscal 2012, it expects revenue , excluding the impacts of currency, to remain in a range of flat to a decline of 4% when compared to fiscal 2011; adjusted earnings per diluted share (EPS) from continuing operations to be in the range of $1.95 to $2.15; GAAP earnings per diluted share from continuing operations to be in the range of $1.78 to $2.08. The Company reported revenues of $5.3 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.008 billion and EPS of $1.99 for fiscal 2012. Full Article
Pitney Bowes Inc Declares Common, Preference And Preferred Stock Dividends
Pitney Bowes Inc announced that it has declared a quarterly cash dividend on the Company`s common stock of 37.5 cents per share, payable December 12, 2012, to stockholders of record on November 16, 2012; a quarterly cash dividend of 53 cents per share on the Company`s $2.12 convertible preference stock, payable January 1, 2013, to stockholders of record December 14, 2012, and a quarterly cash dividend of 50 cents per share on the Company`s 4% convertible cumulative preferred stock, payable February 1, 2013, to stockholders of record January 15, 2013. Full Article
BRIEF-Pitney Bowes drops 8 percent in premarket after Q1 results, outlook
NEW YORK, April 30 - Pitney Bowes Inc : * Drops 8 percent to $14.90 in premarket after Q1 results, outlook
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